Corporation is considering the purchase of new equipment costing $$42,000$ the projected annual cash inflow is $12,400$ to be received at the end of each year the machine has a useful life of $4$ years and no salvage value corporation requires a $12\%$ return on investment the present value of an annuity of one dollar for different.Periods at $12\%1=0\mathrm{.}89292=1\mathrm{.}69013=2\mathrm{.}40184=3\mathrm{.}0373$Compute the net present value of this investment